My husband and I just received an offer from McDonald for $150 per net mineral acre, 15% royalty, 5-year primary term with a renewal of 4 years. Our mineral right is located in the southwest part of Kiowa County. We live in Nebraska and have not had to deal with anything like this. What kind of drilling are they proposing in Colorado? What are other mineral right owners being offered? Is this a good offer or should we wait before signing a lease? We contacted a lawyer in Brush (Robert Chapin) last fall about other mineral right concerns and he was very helpful. Does anybody know anything else about him (good or bad)? Do all mineral right owners and landowners have to sign a lease before an oil company can start to drill? Any other information about leasing would be helpful.
Elaine:
You might want to also post under the “Groups” section at the top of the page. Click on Groups and go to Colorado; then to Kiowa County. I think there are 30+ members on that site.